MFS Charter Income Trust (MCR)

• Market cap: $260M
• 1 day: 0.32%
• 5 days: -2.98%
• 1 month: -0.16%
• 3 months: -3.88%
• 6 months: -0.32%
• Year to date: -4.33%
• 1 year: -4.48%
• 5 years: -26.31%
• 10 years: -27.43%

About: MFS Charter Income Trust is a United States-based closed-end fund. Its investment objective is to seek high current income. The fund invests the assets in debt instruments. It invests the assets in corporate bonds of U.S. and foreign issuers, U.S. Government securities, foreign government securities, mortgage-backed and other asset-backed securities of U.S. and foreign issuers, and debt instruments of issuers located in emerging market countries.

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

17% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 18

8% less funds holding

Funds holding: 62 [Q2] → 57 (-5) [Q3]

16.32% less ownership

Funds ownership: 52.44% [Q2] → 36.12% (-16.32%) [Q3]

30% less capital invested

Capital invested by funds: $142M [Q2] → $99.1M (-$42.8M) [Q3]

56% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 9